Holdings in gold exchange-traded-funds might not be rising as much as recent months, but nevertheless the buying continues and has driven global holdings to a fresh record high, said the Zurich based bank UBS in a commodity snippet.
According to the Swiss bank, holdings rose another 99,000 ounces Friday following 136,000 on Thursday. “So far this month, ETFs have grown by just 491,000 ounces, falling well short of the 1.5 million ounces recorded for all of October, which in turn was the lowest monthly inflow since July,” said Edel Tully, precious-metals strategist at UBS...............................................Full Article: Source